Bank failure · MO

Jackson Exchange Bank & Trust Co (Jackson, MO) — failed May 7, 1992

Jackson Exchange Bank & Trust Co of Jackson, Missouri was closed on May 7, 1992 and resolved through a purchase and assumption (insured deposits). Boatmens Nb Cape Girarde (MO) took over its insured deposits. At failure it held $123.3M in assets and $127.8M in deposits. The FDIC's estimated loss on the failure is $16.4M (13.3% of assets).